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Director of Engineering- Debt (NYC, Chicago, Newport Beach or Charlotte)

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10017
Country
United States

This job is no longer active.

Description


Company Summary:

Nuveen Real Estate is one of the largest real estate investment managers in the world with over $125 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.

With over 80 years of real estate investing experience and more than 500 employees* located across over 20 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.


Position Summary:

Based in one of the primary offices of Nuveen Real Estate (New York, Charlotte, Chicago, or Newport Beach), the position will support the loan origination, closing, asset management and portfolio management teams in all aspects of the due diligence, funding, and inspection process related to all pre-development, development, construction, renovation, repair, restoration, alteration, property condition and environmental matters. The role will entail regular communications and interactions externally with borrowers, property managers, construction managers, co-lenders, consultants, contractors, subcontractors, insurers, governmental officials and other key parties to the transaction, as well as communication and reporting internally to groups such as investment committee.


Key Responsibilities:

 

  • Manage all aspects of relationship with external engineering and environmental consultants, including consultant selection, engagement and quality control. Assists in the evaluation and selection of new vendors and evaluate performance of existing consultants including developing scope with such vendors.
  • Review due diligence and monitoring reports prepared by outside consultants for the purpose of providing recommendations to the team to be used in the determination of cost, risk & value, including identifying deficiencies and areas where additional investigation is warranted, as well as items that may not represent a material risk to the firm as lender.
  • Conduct, attend, and/ or facilitate site inspections and attend other critical meetings related to pre-construction project planning, budgeting, scope development, permitting, scheduling, bid review, value engineering, contractor selection, draw review/ reconciliation, tenant coordination, job cost tracking and project closeout, as needed and appropriate based on the terms of loan and condition of the property.
  • Prepare independent reports and written materials which summarize findings and recommendations, and conduct supplemental investigations, assessments and approvals as needed, including review of contracts, budgets, plans & specifications, permits, contractor selection and qualifications.
  • Coordinate and monitor tracking of variance to budgets, and potential cost overruns or scope changes. Proactively communicate potential areas that may impact schedule and /or budget.
  • Participate in the investigation and resolution of issues as they arise related to casualty and condemnation events, such as damage from natural disasters, fire, etc, including assistance to ensure adherence with all provisions of the loan documents.
  • Pose thoughtful questions and offer constructive suggestions to external parties that may add value to the project and the development or construction process for the benefit of all stakeholders, and also as a means to gauge reactions, inform opinions or reveal issues that may require further consideration.

Qualifications:

Required:

 

  • Bachelor's degree (BA/BS) from a four-year college or university in a relevant field of study
  • Minimum of 5 years of experience in engineering or architecture

 

Preferred:

  • 10+ years of experience in engineering or architecture; prior experience working with lending institutions or as a consultant to such organizations
  • Master s degree in a relevant field of study
  • Expert knowledge of engineering, architectural and environmental matters as it pertains to commercial real estate, including statutory/ regulatory standards, commercial real estate fundamentals and terminology; prior experience as project manager or construction manager preferred.
  • Broad industry contacts to ensure key responsibilities and duties can be accomplished in a cost effective and efficient manner consistent with best practices, pricing and market standards.
  • Ability to quickly and accurately analyze problems and offer effective solutions, strong analytical and quantitative skills, excellent written and verbal communications skills, ability to interact effectively with team leaders and demonstrated ability to convey technical concepts in a concise manner to clients, coworkers, and executive management.
  • Extremely organized and detail oriented with ability to prioritize and multitask effectively, including meeting deadlines and completing tasks while out-of-office traveling.
  • Software Knowledge: PC computer skills with knowledge of MS Office products and specialized technical engineering and construction programs.
 
 

Experience


10+ to 15 years


This job is no longer active.

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